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Income Tax Compliance306th Issue of Tax Connect
Tax Calendar Due date Form/Return/Challan Reporting Period Description 11th July 2021 GSTR-1 June 2021 For the month of June 2021 ( For other than taxpayers under the QRMP scheme) 13th July 2021 GSTR-1 June 2021 For April to June 2021 (who opted QRMP) 13th July
GST LitigationInterim restraining order against Sec 194N (TDS provision on cash withdrawal )
Tax Deduction at Source (TDS) under section 194N of the Income Tax Act, 1961 mandated banks, cooperative banks, and post offices to deduct a TDS @ 2% on every withdrawal in excess of one crore rupees during the previous year made by any person (herein
Import / ExportOnline filing of AEO T2 and AEO T3 applications: CBIC
Circular No. 13/2021 To, All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central tax, All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive), All Principal Commissioners/ Commissioners of Customs & Central tax, Related Topic: 306th
Income Tax ComplianceBest Salary Structure to Save Income Tax
Most of the salaried people are envious of the self-employed because they receive their salary after deduction of TDS and they can do nothing about it. Today we are going to tell salaried people about legitimate ways to reduce their income tax by fine-tuning
Income Tax Compliance15 Reasons Why We Should File an ITR
An income tax return is an assessment of the income of a taxpayer. This is an annual statement. All incomes during the year and deductible expenses and losses are declared in this return. It is mandatory for some taxpayers. But in any case filing, ITR
(UDIN) Unique Document Identification Number- A Landmark Reform
A chartered accountant is a qualified doctor of the financial health of any organization. He has a fiduciary relationship with the users of financial documents and the stakeholders of the organization. This world is full of many quacks, unprincipled people who impersonate being a
GST ComplianceAccounting procedure of e-commerce operators and applicability of sec 52 of GST (TCS)
E-commerce is facing a lot of issues in GST. There are unanswered questions related to accounting, compliance, and filing of returns. They have a different setup. They control the sales but don’t sell directly. Thus they play the role of intermediary between the seller and
GST LitigationAllahabad HC Order in the case of M/s Jindal Pipes Limited Versus The State Of U.P.
Case Covered: M/s Jindal Pipes Limited Versus The State Of U.P. Order of the Hon’ble Court: Counter affidavit has been filed by the learned Standing Counsel. The same be kept on record. Learned counsel for the petitioner, however, does not wish to file a rejoinder
EducationTop 10 Income Tax Courses in India
Taxation is a complex balance of revenue collection, bringing prosperity and liquidity in the hands of the public and data collection for future government schemes. “Who is the most efficient and optimal use of money, Government or our industrious, resourceful public?” is the permanent and
GST LitigationDelhi HC order in the case of PCIT V/s M/s Brahma Centre Development Pvt. Ltd.
Case covered: Principal Commissioner of Income Tax Versus M/s Brahma Centre Development Pvt. Ltd. Facts of the case: The above-captioned appeals are directed against the common order dated 18.12.2019, passed by the Income Tax Appellate Tribunal [in short “Tribunal”] in ITA Nos. 4341/Del/2019 and 4342/Del/2019,
GST LitigationKarnataka AAR Ruling in the case of Airbus Group India Private Limited
Case Covered: Airbus Group India Private Limited Facts of the case: M/s Airbus Group India Private Limited, (hereinafter referred to as the Applicant ‘or’ Airbus India ‘or the Company’), 4 & 4A, XYLEM, 4th Floor, Dyavasandra Industrial Area, Mahadevapura Post, Bengaluru 560048, Karnataka having GSTIN
Import / ExportImprovements in Faceless Assessment – Turant Faceless Scheme
Introduction- New CBIC introduced the ‘Turant – Faceless Assessment’. This is introduced to reduce the manual work. CBIC wants to increase automation. It is one of the measures from many to improve cross-border business. India ranks very low on ease of doing business. It is